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UID:event-1034@diihk.com
DTSTAMP:20260901T111941Z
DTSTART:20240717T085417Z
DTEND:20240717T085417Z
SUMMARY:Iran’s economy to growth 3.2 percent
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 eading .elementor-heading-title.elementor-size-xxl{font-size:59px}Iran’
 s economy to growth 3.2 percent		\n		According to the new report from the
  World Bank\, Iran's economy will grow by 3.2 percent in 2024\, and the i
 nflation rate will decrease to 35.3 percent.\nIran’s economy is growing
  for a fourth consecutive year aided by the recovery in the oil sector. A
 ccording to the Iran Economic Monitor (IEM) report\, which is a product o
 f the World Bank’s Global Practice\, Iran’s GDP which was 5 percent l
 ast year will reach 3.2 percent in 2024. The IEM forecast that the growth
  of Iran's non-oil sector which was 3.8 percent in 2023\, will reach 3.0 
 percent in the current year. Iran's oil sector\, which experienced a rise
  of 17.1 percent in the previous year\, will also grow by 5.0 percent in 
 the current year.\nAccording to this report\, the declining rate of infla
 tion in Iran will continue. Even though in 2023 Iran's inflation was abov
 e 40 percent for the fourth consecutive year (41 percent in 2023)\, this 
 year it will shrink to 35 percent and will decrease to 30 percent by 2026
 .\nThe unemployment rate is also decreasing in this report. Unemployment 
 has decreased from 9.6% in 2020 to 8.1% in 2024.\n			\n									IEM repor
 t on Iran's Economy- Spring 2024\n					
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